Senate panel pushes Georgia tax cut despite federal penalty
JEFF AMY, Associated Press
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Georgia Gov. Brian Kemp (from left), House Speaker David Ralston, and Lt. Gov. Geoff Duncan attend a press conference about expanding internet access in Georgia on Monday, Feb 8, 2021, at the Georgia Capitol in Atlanta. (Curtis Compton/Atlanta Journal-Constitution via AP)Curtis Compton/AP
A Georgia Senate committee is moving forward with a $140 million state income tax cut despite warnings that it could cost the state federal aid.
The Senate Finance Committee voted unanimously on Tuesday for House Bill 593, which would raise the amount of money that someone could earn before starting to pay state income taxes. The standard deduction for an individual would rise from $4,600 to $5,400, while the standard deduction for a married couple filing jointly would rise from $6,000 to $7,100.
Senate panel pushes Georgia tax cut despite federal penalty
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